Category: Market Moment
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Big mining names bet on South American silver project
Highlander Silver (HSLV.C) is a mineral exploration company focused on the discovery of exceptional silver-gold projects in the Central Andes, leveraging the team’s significant technical and operational experience in Peru and South America more widely. Currently, the Company is developing the La Estrella project in central Peru. Highlander Silver announced entering into a share purchase…
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Tesla stock to $100?
A big day for Tesla and Elon Musk today. Tesla’s Q1 earnings are due post market close today on April 23rd 2024. From a technical analysis perspective, things do not look great for Tesla shares. From a fundamental perspective, there has been a string of bad news for the automaker. Before we jump into the…
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Are stock markets about to crash hard?
At time of writing the US stock markets are green for the day in an attempt to end four red days in a row. However, the green is slowly dissipating with a sell off. In fact, the Nasdaq has already gone red. My readers know that I like to rely on technicals. We will get…
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Bitcoin bulls beware! Topping pattern to trigger more downside?
You know I was hoping to enjoy this weekend off from charts, but I could not help myself. Many traders, even just for curiosity, had their eyes glued on the bitcoin chart given the Israel-Iran tensions over the weekend. Before the markets closed for the weekend, they did sink as the Iranians said they were…
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Silver tests key resistance zone as precious metals rip!
It has been a fun time for precious metal investors and bulls. In fact, many commodities have been on a rip. Coffee and cocoa have been ripping. Canola had a nice pop last month. Those who follow my work here at Equity Guru know about the inverse head and shoulders pattern we have been calling…
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Stocks sink as yields hit 2024 highs on rate cut bets cooling
In Q1 2024 everything was moving up on interest rate cut bets. Q2 2024 has started off sour. It seems rate cut hopes keep getting pushed down further. The 10 year treasury yield is rising as bets on the June rate cuts cool down. The market is still expecting a 62% chance of a cut…
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Now is your chance to get a better entry than Samsung on Canada Nickel (CNC.V)
Samsung. Everybody knows that Company. The South Korean giant is often thought of as a competitor against Apple for smart phones in the West. But they are far more than smart phones. This multinational conglomerate comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol (business…
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Bank of Japan raises interest rates for the first time in 17 years
By gawd they did it. They actually did it. The Bank of Japan (BOJ) has finally raised interest rates for the first time in 17 years. Ending the world’s only negative rates regime. Truly a historic pivot. The BOJ raised its short-term interest rates to around 0% to 0.1% from -0.1%. The BOJ also announced…
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US inflation ticks upwards in February raising doubts on rate cuts
US inflation ticked up in February 2024 driven by higher rent and gas prices. The current market narrative is that, “stock markets are rising because investors are betting that interest rates are heading lower”. In fact, this is being used to explain the rise in gold, and somewhat bitcoin as well. The consumer price index…
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Gold price contracts hit highest level ever as US debt rockets
Hold up Bitcoin! Gold wants to join in on the party! Gold futures for April have hit $2,126.30 per ounce, the highest level dating back to the contract’s creation in 1974. Yes folks, gold has hit its highest level ever. When adjusted for inflation, gold set an all-time high of about $3,200 in 1980, according…
